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Nasdaq and Astana International Financial Centre unveiled a technology agreement for new Kazakhstan's emerging stock exchange.
The New York-based bourse has been commissioned to power the AIFC Exchange, to be introduced in the latter part of this year. It will originally trade equities and fixed income with other asset types in the long run.
Under the accord, the American exchange's matching equipment will be used and undergo various rigid testing and acceptance phases before its formal deployment. Considered the most widely utilized matching engine worldwide, the tool combines distinct performance with wide functionality.
A Nasdaq official said the new Kazakh bourse will be operated using ground-breaking innovation, enabling regulated and unified operations.
